Skip to main content
Best News Website or Mobile Service
WAN-IFRA Digital Media Awards Worldwide 2022
Best News Website or Mobile Service
Digital Media Awards Worldwide 2022
Hamburger Menu
Advertisement

Slowdown in economy hits China's restaurants

02:40 Min

China's restaurant industry is in crisis, as consumers cut their spending. Millions of restaurants were forced to shut last year, with rising costs and deflationary pressure. Fierce competition in the capital Beijing is forcing restaurant owners to slash their prices.

China's restaurant industry is in crisis, as consumers cut their spending. Millions of restaurants were forced to shut last year, with rising costs and deflationary pressure. Fierce competition in the capital Beijing is forcing restaurant owners to slash their prices.

Advertisement

You May Also Like

Advertisement